PM says that we should use the mobile phones as banks. Accepted! But the moot question is how will the 30-35% of the uneducated public use mobile phones for operating their accounts. It is to emphasise that even educated people are very wary of using smartphones and Modiji wants uneducated people to use their mobiles.
Another important question that would arise is - does India have a strong anti hacking sites? I am not sure. I am of the opinion that Modiji is getting a bit carried away and there seems to be some hurry in taking decisions. more  

The banks in rural areas including cooperative banks which do not have online infrastructure, can in these times of cashlessness promote offline cash transaction means, they can provide tips to their customers and encourage them to use cheques and drafts and get their passbooks updated. People should plan their transactions and pay and accept cheques, they should get their passbooks regularly updated. People should be eager about learning, literate members of family/social groups should help other members to become literate (if they are not), it is not difficult at all. People should also learn the basics of bank transaction including safe bank transactions. more  
Education is not important to live.It can only make ones life better.The uneducated if realize that pay TM is required for living,they try to learn its operations somehow.A house maid comes with a mobile phone and fixes her appointments through the same!Where there is a will,there is a way!The opposition is searching a black cat in a dark room where there is no cat at all!In the name of the people, they shout because they only want status quo for their own benefit!This can only happen in India! more  
The cooperative banks are badly cash strapped and these are the banks which serve the farmers and rural population where the rural people have accounts. In the news, today, it said that the cooperative banks are going on strike. In the city we are lucky to have accounts in banks through which we get services like online banking, debit/credit cards, mobile wallets etc. but cooperative banks provide very basic services and are not yet geared up to provide cashless transaction services to their rural customers. All around me I see people very eager to learn, even the sabjeewallas and other small vendors near my residence have learnt to use pay TM and are accepting cashless transactions through Pay TM. Even the rural population can learn these basics but the question is do they have access to banks through which such services can be offerred, are the cooperative banks ready? more  
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